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(I-SoftwareNews.Com, August 16, 2018 ) Market Overview: -
Real Time Location System Market will set to growth prospects over the forecast timespan owing to the rise in technological advancements, growing requirement for assets & workflow management, and resource utilization. The RTLS market is growing owing to the improved quality of real-time tracking in the location systems for diverse business processes.
Growing government support & initiatives for the usage of these systems and plummeting prices of components is anticipated to increase the adoption of RTLS. In addition, heavy investments in the technology and increasing applications of the solutions across several industry segments will drive the RTLS market growth over the forecast time span. In addition, systems help in enhancing efficiency, accuracy, and operational superiority, resulting in enhanced productivity.
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Top Key Players: -
Some of the major industry players involved in the RTLS market include AeroScout Industrial, AiRISTA, LLC., Awarepoint Corp., BeSpoon SAS, CenTrak, Inc., Decawave Ltd., Ekahau, General Electric Healthcare, Identec Group AG, IMPINJ, Inc., Redpine Signals, Inc., Savi Technology, Sonitor Technologies, Stanley Healthcare, Tele Tracking Technologies, Ubisense Group PLC., Versus Technology, Inc., and Zebra Technologies Corp.
Market share calculation in this report is not done based on companies covered in it. The calculation of Real Time Location System Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentation: -
North America RTLS market held a high market share in 2016, which was majorly driven by growing number of applications in the healthcare segment coupled with the government support & initiatives from the administration.
The U.S. market is a major contributor to the RTLS market growth owing to the speedy adoption of RTLS technology in the healthcare sector.
Moreover, the presence of major RTLS players in the U.S. is also driving the industry growth.
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Based on technology, the RTLS market can be classified into several wireless communication technologies such as Bluetooth Low Energy (BLE), GPS, infrared, Radio Frequency Identification (RFID), ultrasound, Ultra-Wide Band (UWB), WhereNet, Wi-Fi, and ZigBee communications. The RFID technology is anticipated to have a majority share owing to its features such as high accuracy, minimal maintenance fee, and long battery life in comparison to the other wireless communication technologies. In addition, UWB technology is anticipated to grow at a high rate due to features such as usability in acceptable operating range, indoor & outdoor environments, low interference with other signals, and high-precision location identification, making UWB a significant technology in the RTLS market.
Based on the applications, the RTLS market can be segmented into inventory & asset tracking & management, temperature & humidity monitoring, supply chain management, mapping & visualization, staff locating & monitoring, security, dock monitoring & warehousing, workflow & process automation, postal & courier services, and others. In inventory & asset tracking & management, the systems track vehicles’ speed, geographical location, and analyze drivers’ efficiency. Integrating GPS, mobile cellular technology, and mapping using RTLS will allow more intricate navigation facilities. This has stimulated the implementation of these devices, thereby driving the RTLS market growth.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Source: EmailWire.Com 
Source: EmailWire.com
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